YBS changes mortgage range

Nia Williams

December 1, 2009

In addition to the new tracker range all fixed rate products have been reduced by up to 0.30% following a reduction in the cost of swaps.

A new 10 year fixed rate product has also been launched at 5.89% (up to 75% LTV) for those people wanting the security of knowing that their mortgage payments will not increase over a longer period.

Remortgage versions have free legal service and valuation options and all products have an application fee of £495 except the 1 year fixed product which has a fee of £195. Further products are available for existing customers and additional advances.

Tom Girling, mortgage product manager at the society commented: “Although there has been an increased demand in the market for trackers recently, with interest rates at an all time low, many of us are considering fixing our deal in order to avoid much higher rates in the future which is why we have decided to launch a 10 year fixed rate deal at 5.89%. By choosing a long-term fixed rate, customers can guarantee mortgage repayments for the next decade which helps with household budgeting as you know exactly how much you’re going to be paying every month for your mortgage.”

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